U.S. Patent 10346815 was awarded to Kowala Cayman SEZC on July 09, 2019 and is entitled “System and method of distributed, self-regulating, asset-tracking cryptocurrencies.” The first named inventor is Eiland Glover of Nashville, TN. The abstract contains an overview of the patent disclosure:

The system and method disclosed herein includes a family of distributed, self-regulating, asset-tracking cryptocurrencies using blockchain technology. One embodiment, such as a computer-implemented method, may include maintaining a stable value of an asset token relative to a value of an underlying target asset. Further, the computer-implemented method may include minting the asset token in variable quantities, applying stability fees or rewards in variable quantities, and obtaining market feedback to determine the variable quantities of fees to apply, rewards to issue, and asset tokens to mint. Market feedback may include a market price of the asset token and other data obtained from exchanges and oracles. Oracles may be used in certain embodiments to report prices and support smart contracts that aid in regulating price stability. A consensus mechanism may also be used to allow participants in the decentralized system to agree on the advancement blockchain data in an orderly way. Link to Full Patent

This blockchain patent was originally filed on September 24, 2018  as U.S. Patent Application 16/140407 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10346815. The primary examiner was Olabode Akintola.

Kowala Cayman SEZC, who is the original assignee of this patent, has at least 1 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 6 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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